PNG Fiji CMK (IFC-602232)

Countries
  • Fiji
  • Papua New Guinea
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Sep 18, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Sectors
  • Law and Government
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 1.37 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 1.37 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jul 12, 2018

Disclosed by Bank May 14, 2018


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Project Description

IFC website stated that the project plans to provide advisory support to regulators and market participants in both PNG and Fiji to improve the regulatory framework for both government bond issuance and trading, improve the framework for corporate bond issuance, and support demonstration transactions including green bonds and local currency issuances.

- Support the regulators to review the current regulatory framework in order to improve primary market efficiency and develop secondary market for government securities.
- Help establish market infrastructure and practices for both primary and secondary markets.
- Synergy with and facilitate Payments Project to support PNG and Fiji to improve automated clearing and settlement for securities market.
- Help review and develop regulatory framework and market practice for bond issuance in the corporate bond market to enable private sector tapping long term funding.

The project also seeks to assist the Government of PNG and Fiji in their efforts to strengthen basic oversight of the domestic capital markets while also building the capacity of key market participants. The project plans to provide training and capacity building to regulators and market players on securities issuance and trading practices; to strengthen the capacity and educate key institutional investors regarding opportunities available within the capital markets generally, through a series of workshops and demonstration transactions.

Investment Description
  • International Finance Corporation (IFC)
Contact Information

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